India, Nov. 9 -- The Korea Fair Trade Commission (KFTC) said Monday that it has imposed corrective orders and provisional fines totaling KRW 631.9 billion on South Korea's two largest food delivery platforms, Baemin and Coupang, for abusing their market dominance and restricting competition.
Baemin, operated by Woowa Brothers Corp., faces a provisional penalty of KRW 331.1 billion, while Coupang faces KRW 300.8 billion in fines.
The KFTC said the companies imposed most-favored-nation (MFN) requirements on restaurants, restricting their ability to offer different prices and terms across competing platforms. Baemin was also found to have forced restaurants to switch to its Own Delivery service and engaged in deceptive advertising regarding ...